Financial Stability Board Unveils List of ‘Too Big To Fail’ Banks Subject to Higher Capital Charges
By Daniel Pruzin
CANNES, FRANCE — The Financial Stability Board made public Nov. 4 a list of 29 internationally active banks that are set to be subject to more onerous capital requirements under new global “too big to fail” rules.
In a statement and report , the FSB said the following 29 banks — including eight U.S.-headquartered banks — have been tagged as global systemically important financial institutions (G-SIFIs):
The FSB noted the named banks are financial institutions “whose distress or disorderly failure, because of their size, complexity and systemic interconnectedness, would cause significant disruption to the wider financial system and economic activity.”…